141 Beaver S Trl Glasgow, KY 42141-8064

Property Details for 141 Beaver S Trl

Lot size

0.61 lot acres

Property type

Commercial real estate

APN

79-11R

APU

7911R

Description

This exceptional investment opportunity presents a fee-simple ownership of a 11,050-square-foot Petco Neighborhood Farm & Pet Supply store located at 141 Beaver Trail, Glasgow, KY 42141. Built in 2022, this single-story building sits on a 1.33-acre lot and is operating under a 15.1-year absolute NNN lease with a corporate guarantee from Petco. The lease commenced December 16, 2022, and expires December 31, 2037, leaving a substantial 13.1 years remaining. The property boasts a strong 6.25% cap rate and a Net Operating Income (NOI) of $259,888, with a sale price of $4,158,000 ($376.29/sq ft). Rent increases are built in, with an 8.50% bump every five years. The lease includes five, 5-year renewal options, ensuring long-term stability and predictable income growth. This is a single-tenant, 100% occupied property in a prime location, benefitting from high traffic counts (17,000+ vehicles per day) and a substantial population within a 10-mile radius (38,000+). The property is classified as a grocery store and storefront. This is a rare opportunity to acquire a well-positioned, credit-rated, and highly desirable retail investment.